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Meditation app Meditopia secures $15M Series A co-led by Creandum and Highland

Meditation app Meditopia secures $15M Series A co-led by Creandum and Highland

The coronavirus continues to hit individuals laborious mentally, and this has meant a increase for psychological loss of life and meditation apps. According to a current report from app retailer intelligence agency Sensor Tower, the world’s 10 largest English-language psychological wellness apps in April noticed a mixed 2 million extra downloads throughout the month of April 2020 in contrast with January, reaching near 10 million complete downloads for the month. The charts have been dominated by market leaders equivalent to Calm, Headspace and others equivalent to “Relax: Master Your Destiny”.

However, a barely lesser know app referred to as Meditopia featured, and that’s as a result of it’s grow to be an enormous chief non-English talking markets.

Today it’s introduced a Series A funding of $15M co-led by Creandum, and Highland Europe . Carl Fritjofsson of Creandum and Fergal Mullen of Highland Europe will be a part of Meditopia’s Board of Directors. Total funding previous to this spherical was $3.2m. This new spherical takes the overall to $18.2m.

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Based between Istanbul and Berlin, Meditopia has majored on localization for 75 world markets, in 10 languages, with a concentrate on long-term psychological wellbeing packages. Since launching in 2017 Meditopia has grown to 14M customers throughout 75 international locations.

Until just lately, most meditation and psychological well being apps have been constructed to swimsuit the wants of English-speaking, Western tradition, particularly in the way in which these apps handled subjects equivalent to gender.

The startup was based by Fatih Celebi, Berk Yilmaz and Ali Murat Ceylan.

In an announcement, Murat stated: “Mental wellness is one thing everybody ought to be capable to obtain, no matter their nation of origin, native language, socio-economic standing, ethnicity, or faith. We first targeted our efforts on our dwelling nation Turkey earlier than increasing worldwide so whether or not you might be Latino, Japanese, Russian, North American, or Arab, you could find assist and training in our world group.”

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Carl Fritjofsson, Partner at Creandum commented: “We’ve adopted Meditopia for the previous two years and have been extremely impressed by how they’ve been capable of seize this chance internationally, all whereas being one of the crucial capital-efficient run firms round.”

Fergal Mullen, Founding Partner at Highland Europe stated: “For too lengthy, the expertise obtainable was created for English-speaking teams alone. Meditopia supplies the choice; an answer that helps its members get to the center of what they want in a approach that fits them. We’re thrilled to be part of getting this very important service to these individuals.”

EditorialTeam

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